Agreed!Two things here: 1. Totally deficient regulatory framework and 2. The argument for those on the Right or Left is - do those running the company bear the consequences of their actions? Do public servants? Almost never. We need water, power, roads etc., So define the goals for these and get people to run them (public or private) who will bear consequences for a F.U. Politicians almost never face the consequences of their decisions. If there was at least some linkage the future might be different. That is a fundamental problem with bureaucracy as well.

As a far distant example: Tony Blair sails into opulent old age as a 'respected statesman' having lied about weapons of mass destruction incurring the deaths of 150K - 1 million.